Telangana targets $3 trillion economy by 2047, says Komatireddy

Hyderabad: Roads and Buildings Minister Komatireddy Venkat Reddy on Monday said Telangana is moving with a clear plan to reach a $3 trillion economy by 2047, as the government strengthens coordination across departments under Chief Minister Revanth Reddy.

Speaking to reporters at the Telangana Rising Global Summit, he said global companies are watching the event closely. He added that the state cabinet is working together with unusual unity because the government wants to show that Telangana can deliver rapid economic expansion through long-term planning.

He explained that the state has already set an intermediate target of achieving a $1 trillion economy by 2034. Since this goal requires strong physical infrastructure, the R&B department is accelerating several large projects. These include national highways, elevated corridors, new airports, dry ports, coastal connectivity links, South India connectivity corridors, and multiple greenfield highways.

According to him, each of these projects will raise mobility standards, reduce travel time and support large-scale industrial activity. Therefore, the government intends to upgrade all roads across the state to four‑lane standards in the coming years. He said this move will boost rural growth, attract new industries and improve employment opportunities for young people.

New greenfield corridors and bullet train routes to reshape Telangana

Komatireddy Venkat Reddysaid the Regional Ring Road and the network of radial roads will create fresh economic zones around Hyderabad. He further noted that greenfield highways connecting Bharat Future City with Amaravati, Bengaluru and Chennai will expand Telangana’s access to regional markets.

He said the proposed bullet train corridor would also serve as a major development driver, since high‑speed mobility can shift investment patterns and bring new businesses to the state. Because of these advantages, the government views these corridors as true game‑changers.

He added that the long‑term goal is to make Telangana number one in every sector, matching global standards in infrastructure, service delivery and economic performance. The government, he said, wants to show that the state can grow with planning, transparency and measurable results.

Turning sharply toward the opposition, Komatireddy criticised the Bharat Rashtra Samithi. He claimed that Telangana has no effective opposition because BRS leaders, according to him, misused public money. He said that every senior leader in the party took part in corruption, and he argued that the public already understands this pattern.

Venkat Reddy pointed out that BRS leader K Kavitha herself accused former ministers from her party of wrongdoing. Because of this, he said, she must clarify her allegations publicly. He argued that such statements carry serious weight, and therefore she should present a clear explanation before the people. He added that truth eventually reaches the public, and so transparency is necessary.